The price of Azerbaijan’s Azeri Light (CIF) crude oil has increased on global markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil rose by $0.61, or 0.61%, to $100.09.
Note that the previous price of Azerbaijani oil stood at $99.48 per barrel.
Recall that Azerbaijan’s 2026 state budget was calculated based on an average price of $65 per barrel of Azeri Light crude oil.